Park won his first OneAsia title b | Forum

BEIJING [url=http://www.airmax270homme.fr/...w-07-team-rouge.html]Homme Nike Air Force 1 Low 07 Team Rouge Pas Cher[/url] , April 11 (Xinhua) -- Increased food prices drove China's inflation at retail level to rise at a faster pace in March than the previous month, but the inflation pressure still remained subdued and gave policymakers enough room to mull economic policy action.

INFLATION TAME

China's consumer price index (CPI), a main gauge of inflation, increased 2.4 percent year on year in March, up from 2 percent in the February, official data showed on Friday.

The acceleration in inflation was mainly attributed to faster growth of food prices [url=http://www.airmax270homme.fr/...t-do-it-blanche.html]Homme Nike Air Force 1 Low Just Do It Blanche Pas Cher[/url] , said Yu Qiumei, a senior statistician with the National Bureau of Statistics (NBS).

Food prices account for nearly one-third of the weighting in the calculation of China's CPI. They gained 4.1 percent from a year earlier and contributed 1.35 percentage points to March's CPI growth, according to NBS figures.

Prices of fruit, aquatic products, vegetables and grain went up year on year in March, with fruit prices surging 17.3 percent and those of vegetables jumping 12.9 percent.

Tang Jianwei [url=http://www.airmax270homme.fr/...ax-fury-blanche.html]Homme Nike Air Max Fury Blanche Pas Cher[/url] , a researcher at the Bank of Communications, attributed the continued monthly CPI growth partly to the so-called carryover effect, as the prices a year earlier remained at a relatively low level.

Bucking the trend, prices of poultry and meat declined in March year on year, with the price of pork, China's staple meat [url=http://www.airmax270homme.fr/...lus-marine-bleu.html]Homme Nike Air VaporMax Plus Marine Bleu Pas Cher[/url] , down 6.7 percent.

Prices of non-food products and services edged up 1.5 percent in March from a year ago, boosted by prices of utilities including electricity and gas, tours and outings, and rent.

However, China's CPI declined 0.5 percent in March from February mainly due to a food price drop, as Chinese people traditionally have bigger demand for vegetables [url=http://www.airmax270homme.fr/...knit-bleu-orbit.html]Homme Nike Air VaporMax Flyknit Bleu Orbit Pas Cher[/url] , meat and fruit during the Spring Festival, which started at the end of January and lasted through early February this year.

Tang estimated a full-year CPI growth hovering at 2.6 percent in 2014, as the country's economic growth will continue the moderate pace amid the weak demand both at home and abroad.

The latest NBS data also revealed that China's producer price index (PPI) contracted 2.3 percent year on year in March, following a 2-percent decline in February.

The PPI, which measures inflation at wholesale level, has been in deflationary territory for 25 consecutive months [url=http://www.airmax270homme.fr/...-max-97-blanche.html]Homme Nike Air Max 97 Blanche Pas Cher[/url] , the longest drop since the 1990s.

The PPI contraction showed that demand for industrial products remained weak, and a risk of deflation was likely to emerge, Liu Ligang, chief China economist at the ANZ Banking Group, said in a research note.

POLICY ROOM

The latest CPI and PPI data was largely in line with market expectations, and the CPI increase remained well below the 3.5-percent target set by the government for this year.

Keeping inflation down is the top monetary policy priority [url=http://www.airmax270homme.fr/...-97-triple-noir.html]Homme Nike Air Max 97 Triple Noir Pas Cher[/url] , and China will adjust the weighting of various monetary policy targets according to market situations, Zhou Xiaochuan, governor of the People's Bank of China (PBOC), told the Boao Forum for Asia (BFA) 2014 Annual Conference on Friday.

China's CPI inflation has remained low, which leaves room for more policy easing in the second quarter, predicted Zhang Zhiwei [url=http://www.airmax270homme.fr/...70-premium-noir.html]Homme Nike Air Max 270 Premium Noir Pas Cher[/url] , chief China economist with Japan's Nomura Securities.

"We do not expect the government to roll out new easing measures in April, as it will likely wait to see how the fiscal easing measures announced over the past several weeks affect the economy," Zhang said in a research note.

A set of economic data released since the beginning of the year has pointed to a further slowing in the Chinese economy.

"We expect growth to slow in the second quarter partly due to weak momentum in the property sector, and the government will likely have to ease policies further, particularly on the monetary side. We continue to expect an RRR cut of 50 basis points in the second quarter, likely in late May or June when weak activity data becomes available [url=http://www.airmax270homme.fr/...t-do-it-blanche.html]Homme Nike Air Max 270 Just Do It Blanche Pas Cher[/url] ," Zhang said.

China's loan interest rates remained high in the first quarter, and the central bank can take measures including cutting the reserve requirement ratio (RRR) to help businesses reduce financing cost, Liu added.

Low inflationary pressure normally gives policymakers more room to take policy action to support economic growth, as fiscal or monetary easing may bolster demand and push up inflation.

The RRR sets the minimum fraction of customer deposits that each commercial bank must hold as reserves rather than lending, and is an important monetary tool used by central banks including the PBOC. Lowering the RRR is often aimed at stimulating bank lending and economic growth.

However, Premier Li Keqiang said at the opening ceremony of the BFA conference on Thursday that China will not resort to short-term stimulus policies just because of temporary economic fluctuations and that the country will pay more attention to sound development in the medium and long run.

SEOUL， May 9 (Xinhua) -- South Korean Park Sanghyun triumphed in the GS Caltex Maekyung Open on Sunday after beating countryman Lee Soomin on the second hole of a sudden-death play-off.

Park won his first OneAsia title by shooting a final round four-under-par 68 to finish tied with Lee， in with a 70， on eight-under-par 280.

A par on the second extra hole was enough to secure victory and a check for nearly 170，000 U.S. dollars.

Lee led by one shot at the start of the day at Namseoul Country Club and was left to rue a costly bogey on the final hole of normal time.

South Korean Kim Kyungtae， winner of The Crowns tournament last weekend in Japan， shared third place a stroke further back with compatriot Lee Changwoo - winner of the 2013 Asia-Pacific Amateur. They both closed with 69s.

South Korea's Kim Bio， a three-time winner on OneAsia who won the 2012 Order of Merit， took sole possession of fifth following a 71.

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